Token Cat Ltd (TC) SEC Filings & Earnings Calls
EquiReason read 9 Token Cat Ltd SEC filings in the last 12 months. Latest: 6-K on 2026-10-15 — XBRL-tagged financial data for Token Cat Ltd (TC) for Q2 2026. No narrative or material event described..
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 2.1M
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 6 May, in 194 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
28 Aug 20266-KCEO, CFO and Chairman resigned; replaced by Zhanli Wang, who has no prior public company leadership experience. Succession raises governance and continuity concerns.open
Risks flagged
Key person risk and governance vacuum: simultaneous departure of CEO, CFO and Chairman without clear succession plan; new appointee lacks public company leadership experience.
“Mr. Guangsheng Liu resigned as director, Chairman, CEO and CFO. Mr. Zhanli Wang elected to all three roles. Mr. Wang's prior roles: Operations Director at Ruitong Technology, Technical Director at Maijiu Technology, Technical Manager at Wuchuang Technology.”
8 May 202620-FCompany disposed of all legacy businesses and now has minimal continuing operations with negligible revenue.open
Risks flagged
Business viability risk
“Our continuing operations consist of two reportable business segments: (i) our automotive electronics resale business, which we launched in the last quarter of 2025, and (ii) our advertising business.” · word for word
27 Feb 20266-KToken Cat Limited closes private placement of 96 billion Class A ordinary shares at $0.0012457/share for ~$119.59 million, paid in fiat or crypto. Massive dilution: shares issued exceed prior outstanding by orders of magnitude.open
Figures in the filing · each found in the filing text
| Shares Issued · 2026-02-27 | 96,000,000,001 | |
| Gross Proceeds · 2026-02-27 | $120M | |
| Price Per Share · 2026-02-27 | $0.00 |
Risks flagged
Extreme shareholder dilution: 96 billion shares issued, likely dwarfing prior outstanding shares.
“Issued an aggregate of 96,000,000,001 Class A Ordinary Shares.” · word for word
Crypto payment introduces volatility and regulatory uncertainty.
“Purchase price may be paid in fiat money or in cryptocurrencies, in the sole discretion of the Company.”
13 Feb 20266-KToken Cat Limited enters securities purchase agreement to sell 96 billion Class A ordinary shares for ~$119.6M in private placement to non-U.S. investors.open
Figures in the filing · each found in the filing text
| Number of shares issued · 2026-02-12 | 96,000,000,001 | |
| Aggregate purchase price · 2026-02-12 | $120M | |
| Price per share · 2026-02-12 | $0.00 |
Risks flagged
Extreme dilution: 96 billion shares issued; very low share price suggests distressed financial condition.
“96,000,000,001 Class A ordinary shares at $0.0012457 per share” · word for word
Payment in cryptocurrencies introduces volatility and regulatory uncertainty.
“payable by the Purchaser(s) in USD in cash or in cryptos in lieu of Fiat money, in the sole discretion of the Company.” · word for word
6 Feb 20266-KToken Cat Limited announces resignation of director Jintao Lin and appointment of Furong Tian as director and Audit Committee chair. No disagreement cited for resignation.open
Risks flagged
Director resignation could signal governance concerns, though filing states no disagreement.
“Effective February 6, 2026, Mr. Jintao Lin resigned as a director of Token Cat Limited.” · word for word
3 Feb 20266-KToken Cat Limited increases authorized share capital from US$3M to US$480.6M, creating 4.776 trillion new Class A Ordinary Shares, massive potential dilution.share dilutionopen
Risks flagged
Extreme dilution risk due to massive increase in authorized share capital.
“Authorized share capital increased from US$3M to US$480.6M, creating 4.776 trillion new Class A Ordinary Shares.”
15 Jan 20266-KToken Cat Limited announces extraordinary general meeting to vote on increasing authorized share capital from US$3M to US$480.6M and adopting amended articles.open
Risks flagged
Massive authorized share capital increase could lead to significant dilution if shares are issued.
“Authorized capital increase from US$3M to US$480.6M; creation of 4.776 trillion additional Class A shares.”
6 Nov 20256-KToken Cat Limited: CEO/Chairman Wei Wen and CFO Simon Li resigned effective Oct 30, 2025; Guangsheng Liu appointed CFO and Chairman effective Nov 6, 2025.open
Risks flagged
Key management departures without stated disagreement may indicate internal instability or strategic shift.
“Both CEO and CFO resigned effective same date; no reason given beyond 'not a result of any disagreements'.”
Token Cat Ltd — questions
- What did Token Cat Ltd file recently?
- 9 SEC filings in the last 12 months. Latest: 6-K on 2026-10-15 — XBRL-tagged financial data for Token Cat Ltd (TC) for Q2 2026. No narrative or material event described.
Every figure on this page comes from Token Cat Ltd's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.